This indicator plots Donchian Channel boundary lines along with dynamic fan projections directly on the price chart. It calculates the highest high, lowest low, and median price over a customizable lookback period. Whenever price establishes a new channel high
Indicator · Pine Script v4 · On the chart
Range Filter [DW]
Range Filter [DW] calculates a smoothed trend filter line accompanied by high and low volatility bands directly on the price chart.
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code97
Settings9inputs
LicenceNone stated
Last update2 years ago19 Aug 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
The script computes market range using selectable methods such as ATR, Average Change, Standard Deviation, points, or percentage of price. Traders can toggle between two filter logic types, source data from wicks or close prices, apply custom exponential smoothing, and average filter changes over time. It helps identify underlying trend directions and volatility boundaries.
- Multiple range scaling methods including ATR and Standard Deviation
- Customizable filter calculations supporting Type 1 and Type 2 logic
- High and low volatility bands plotted around the range line
- Optional exponential moving average smoothing for range calculations
Details
Published by
Amirzamani1l on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Trend, Volatility & bands, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Filter Type | string | Type 1 | f_type |
| Movement Source | string | Close | mov_src |
| Range Size | float | 2.618 | rng_qty |
| Range Scale | string | Average Change | rng_scale |
| Range Period (for ATR, Average Change, and Standard Deviation) | int | 14 | rng_per |
| Smooth Range | bool | true | smooth_range |
| Smoothing Period | int | 27 | smooth_per |
| Average Filter Changes | bool | false | av_vals |
| Number Of Changes To Average | int | 2 | av_samples |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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